ITD : If 3.56 fails the pullback target will be 3.06

ITD is at the 50% retracement point from the December 2008 low at 168 to the November 2010 high at 5.55. A failure to hold above 3.56 this week or even next should be good enough to force the stock down to 3.06 or so. If it manages to hold above 3.66, its current price, there may be a brief bounce to 3.82, but all in all risk of a pullback to the low 3’s looks high to us, and could well receive final confirmation today with a close below 3.56


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